Assoc Quantitative Risk Analyst

The Company: Aflac Asset Mgt. LLC

The Location:

New York City, NY, US, 10005

The Division: Global Investment

Job Id: 7544

About Our Company

Aflac Asset Management, LLC, (d.b.a. Aflac Global Investments) is a wholly owned subsidiary of Aflac Incorporated (Aflac). Aflac Global Investments (GI) located in New York’s financial district and is the organization responsible for the overall investment activities of Aflac, Inc. and subsidiaries in Japan, Bermuda, and the U.S. With 150 employees globally, GI seeks investments to maximize long-term returns with a focus on preservation of capital, subject to our asset-liability profile and liquidity and capital requirements. GI has primary investment and asset management responsibility for Aflac’s general account consisting of public, private, and growth assets (including strategic partnerships) which generates approximately $3.5 billion a year in net investment income. As of year-end 2024, Aflac’s total general account portfolio was $100 billion.

The investment teams support GI’s overall goals and objectives by providing market insight and in-depth knowledge of assigned asset classes. GI oversees the strategic deployment of capital for life and supplemental health insurance company balance sheets utilizing both internal teams and external third party asset managers.

Job Summary

Within Aflac’s Global Investments (GI), the Associate, Quantitative Risk Analyst is part of the GI Investment Risk department and is responsible for the overall investment risk analytics, assessments, and model reviews for the investments company general account. The position will work across GI key stakeholders throughout U.S. and Japan, along with Columbus, GA (Corporate), and various business partners (internal and external), support and contribute with the design and participate in the implementation of quantitative investment risk analytics platform, models, and systems used in a large global life insurance company. Communication and organization skills will be essential.

Reports to Vice President, Investment Risk Manager

Primary Support All GI Investment Risk, Quantitative Analytic Solutions, Operational Risk (investments and investments business and platform support) – U.S. and Japan and other key stakeholders in support of GI (internal and external)

Secondary Support All GI business partners and key stakeholders

Job Title: Associate,Quantitative Risk Analyst

Principal Duties & Responsibilities

• Support investment risk function pertaining to the second line of defense with assessment of the company’s investment strategies and risks, including but not limited to valuation of complex asset structures, multivariate stochastic scenario generation, complex financial projections, extreme tail event stress testing, regulatory capital modeling, etc.

• Provide quantitative support and business insight to senior management for different investment and risk management decisions, through analyses of financial impacts due to exposures in market risk, credit risk, asset/liability risk and / or operational risk

• Advance the development of the company’s next-generation investment platform and enterprise-wide risk system by assisting the conversion from their respective prototype models into production ready platforms in C++, C#, or Python equivalent programming languages, as well as liaise with IT partners to achieve maximum efficiency in the data piping and storage

• Assist with the management of code repository and source codes for all analytics performed by Aflac Global Investment Risk Management

• Provide subject matter expert advices on all asset model programming and coding related issues within Aflac Global Investment Risk Management

• Interact collegially and professionally with other members of the investment risk management team, as well as other departments such as accounting, actuarial, IT, etc.

  Skillsets & Requirements:

• 1+ years of experience in building advanced quantitative models and databases for large financial institutions such as banks, insurers, fund managers, relatable internship, etc.

• Master’s degree in quantitative finance, financial mathematics, computational finance, actuarial science, computer science, engineering or physics; other investment industry accreditations such as CFA, FRM also viewed favorably

• Comprehensive understanding of applications of financial mathematics, statistical methods, quantitative return and risk analytics to investment oriented business problems

• Ideally some experience, but at minimum strong theoretical understanding in valuation, stress testing and quantitative analytics for asset structures – vanilla and exotic; examples include complex embedded options in bonds, structured mortgage and credit assets, exotic derivatives, etc.

• Ability to write advanced computational algorithms for financial models in programming languages such as C++ / C# / QuantLib, Python, MatLab, etc. is essential

• Knowledge of grid-based computing and have significant experience in setting up / operating quantitative models over multi-server / grid-based infrastructure is a plus

• Sound business communications skills (in English) and be able to explain complex mathematical / statistical methods plainly and concisely

• Intermediate level understanding of (investment) accounting principles would be viewed positively

• Team oriented personality and willingness to multi-task in small project teams

  The range on this positions is: $59,000 to $142,000

  This compensation range is specific to the job level and takes into account the wide range of factors that are considered in making compensation decisions including, but not limited to: education, experience, licensure, certifications, geographic location, and internal equity. The range has been created in good faith based on information known to Aflac at the time of the posting. Compensation decisions are dependent on the circumstances of each case. This salary range does not include any potential incentive pay or benefits, however, such information will be provided separately when appropriate.

  In addition to the base salary, we offer an array of benefits to meet your needs including medical, dental, and vision coverage, prescription drug coverage, health care flexible spending, dependent care flexible spending, Aflac supplemental policies, 401(k) plans, and generous paid time off. You’ll also be granted time off for designated paid holidays and other leaves of absence, if eligible, when needed to support your physical, financial, and emotional well-being. Aflac complies with all applicable leave laws, including, but not limited to sick, adoption and parental leave, in all states and localities.

  We will consider for employment all qualified applicants, including those with a criminal history, in a manner consistent with the requirements of all applicable federal, state, and local laws, including the Los Angeles Fair Chance Initiative for Hiring Ordinance, the San Francisco Fair Chance Ordinance, and the New York City Fair Chance Act. Applicants with criminal histories are encouraged to apply.

Nearest Major Market:Manhattan

Nearest Secondary Market:New York City